What is Cardano coin (₳) ADA ?

Cardano Cryptocurrency Logo
Cardano Cryptocurrency Logo

Cardano is a decentralized block platform on opensource smart contracts, launched by Blockchain Development Output Hong Kong (IOHK). On the basis of the Cardano platform, here is a Cardano coin – ADA – cryptocurrency, which can be bought on exchanges, such as Binance or Bittrex for an attractive price and can be stored on the Daedalus wallet. The platform works on the Proof-of-Stake algorithm called Ouroboros that determines how separate nodes achieve consensus in relation to the entire network. The algorithm is an important part of the infrastructure that supports the cryptocurrency ADA. According to the developers, the security level of Ouroboros is comparable with the level of Bitcoin blockchain. This is the first algorithm that passed the reviewing on the status cryptographic conference Crypto 2017.

Original author – Charles Hoskinson
Initial release
September 2017
Development status – Active
Website – cardano.org

Leave a comment

Your email address will not be published. Required fields are marked *